Published By Stanley D. Baum, New York ERISA attorney. Handling matters in ERISA, employee benefits, executive compensation, disability, and employment law for employers, individuals and unions.
ERISA Lawyer BlogEmployment-Federal And New York State Minimum Wage Rate Will Increase Effective July 24
As a heads up, the Federal minimum hourly wage rate will increase from $6.55 to $7.25, effective July 24, 2009. Since this increase will cause the Federal rate to be higher than New York State’s rate, the State’s minimum hourly wage rate will increase from $7.15 to $7.25, also effective July 24.